iShares Dow Jones US Telecom ETF Forecast
iShares Dow Jones US Telecom ETF price ended at $21.22 on Friday, after gaining 0.616%.
(Updated on May 24, 2024)
The iShares Dow Jones US Telecom ETF price gained 0.616% on the last trading day (Friday, 24th May 2024), rising from $21.09 to $21.22. During the last trading day the ETF fluctuated 0.639% from a day low at $21.12 to a day high of $21.26. The price has been going up and down for this period, and there has been a -1.03% loss for the last 2 weeks. Volume fell on the last day by -113 thousand shares and in total, 151 thousand shares were bought and sold for approximately $3.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.14% during the next 3 months and, with a 90% probability hold a price between $19.21 and $20.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IYZ Signals & Forecast
The iShares Dow Jones US Telecom ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $21.53. On a fall, the ETF will find some support from the long-term average at approximately $21.08. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iShares Dow Jones US Telecom ETF
iShares Dow Jones US Telecom finds support from accumulated volume at $20.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.135 (0.639%) between high and low. For the last week, the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IYZ) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect iShares Dow Jones US Telecom to open at $21.20, and during the day (based on 14 day Average True Range), to move between $20.96 and $21.48, which gives a possible trading interval of +/-$0.255 (+/-1.20%) up or down from last closing price. If iShares Dow Jones US Telecom takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.89 (1.56%) than the resistance at $21.72 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares Dow Jones US Telecom ETF A Buy?
iShares Dow Jones US Telecom holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.527 Sell Candidate Unchanged
Predicted Opening Price for iShares Dow Jones US Telecom of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $21.20 ( 0.102%) | $21.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.33 | 0.534 % | |
| R2 | 21.28 | 0.291 % | ||
| R1 | 21.25 | 0.141 % | ||
| Current price: | 21.22 | |||
| Support | S1 | 21.15 | -0.345 % | |
| S2 | 21.11 | -0.495 % | ||
| S3 | 21.06 | -0.738 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.04 | 3.86 % | |
| R2 | 21.83 | 2.87 % | ||
| R1 | 21.72 | 2.36 % | ||
| Current price | 21.22 | |||
| Support | S1 | 20.89 | -1.56% | |
| S2 | 20.89 | -1.58% | ||
| S3 | 20.60 | -2.92% |
IYZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.146 | 0.667% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.123 | 0.556% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.107 | 0.506% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.124 | 0.565% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.164 | 0.727% |
FAQ
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